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According to GMGN monitoring, the market value of the Ethereum ecosystem token uPEG (Unipeg) has rebounded above 10 million USD, currently reported at 10.5 million USD, with a 24-hour increase of 36%, and a trading volume of 2.3 million USD during the same period.It is reported that Unipeg is an experimental on-chain object based on Uniswap v4 Hooks, which generates a unique unicorn image in real-time after each swap in the liquidity pool.

According to SoSoValue data, as of May 20, Eastern Time, the total net outflow of Ethereum spot ETFs was $28.1395 million.The Ethereum spot ETF with the highest single-day net inflow yesterday was Blackrock Staked ETH ETF ETHB, with a single-day net inflow of $4.3933 million. Currently, the historical total net inflow of ETHB has reached $515 million.The Ethereum spot ETF with the highest single-day net outflow yesterday was Blackrock ETF ETHA, with a single-day net outflow of $30.9358 million. Currently, the historical total net inflow of ETHA has reached $11.667 billion.As of the time of writing, the total net asset value of Ethereum spot ETFs is $12.243 billion, and the ETF net asset ratio (the market value compared to the total market value of Ethereum) is 4.75%. The historical cumulative net inflow has reached $11.655 billion.

According to Blockaid monitoring, the Map Protocol/Butter Network cross-chain bridge has been attacked on Ethereum and BSC. The attacker tricked the Butter Bridge V3.1 contract into directly minting approximately 100 trillion MAPO tokens to a newly created EOA address, which is about 480 million times the legitimate supply of 208 million tokens. Additionally, according to DeFi community YAM monitoring, the attacker has currently profited approximately 52.2 ETH (about $110,000). In response, MAP Protocol stated that the team is aware of the situation and is coordinating with external security partners to investigate and contain the issue. The bridging between MAPO ERC-20 and MAPO mainnet has been suspended. Please do not trade MAPO ERC-20 tokens on Uniswap at this time. During the event mitigation period, the liquidity pool remains at risk.Butter Network responded that ButterSwap has been suspended, and the team is coordinating with external security partners for the investigation. Pending transactions will be processed after security is restored. User funds are not at risk, and all affected transactions will be fully processed after recovery.

According to Lookonchain monitoring, the net outflow of Bitcoin ETFs in the United States is 4,374 BTC, the net outflow of Ethereum ETFs is 35,904 ETH, and the net inflow of Solana ETFs is 27,115 SOL.

CryptoQuant analyst PelinayPA stated that the price of Ethereum has broken down from the triangular formation, and the moving averages have begun to slope downwards, confirming a bearish structure technically.Although breaking below the triangle's lower edge is not enough to fully confirm a bear market, the short-term moving averages remain below the long-term moving averages, indicating that momentum continues to weaken. Binance leverage liquidation data shows that a large number of long positions have been liquidated, and the market is undergoing a downward reset, lacking a strong rebound.PelinayPA believes that if Ethereum cannot reclaim the broken triangular area, the downward pressure may further intensify, with the next target pointing to the support level of $1350.

According to the official announcement, Tether International announced the acquisition of all shares held by SoftBank in Twenty One Capital (XXI), becoming a larger controlling party. After the transaction is completed, the board members of XXI appointed by SoftBank have exited the board in accordance with the shareholder agreement.Tether stated that this move reflects its long-term strategic commitment and confidence in building a publicly listed company from scratch with Bitcoin at its core. The announcement pointed out that SoftBank's early involvement provided important institutional background and governance experience for XXI, helping the company complete its initial phase layout, and Tether will drive XXI into the next stage of development based on this foundation.

Vitalik Buterin posted on social media, listing several native privacy initiatives that Ethereum is currently promoting, including the combination of AA and FOCIL (providing top-notch support and strong packaging guarantees for privacy protocol transactions), the Keyed Nonces scheme, and access layer-related work (covering features such as Kohaku and private reads).

According to The Block, the lightweight mobile crypto wallet Sorted Wallet has completed a $4.4 million seed round financing, of which $3.4 million is equity financing, co-led by Tether and Gnosis, with participation from individual angel investors such as Movement, Angel Invest Group, and the founder of RWA.io. An additional $1 million comes from strategic support from Vox Solutions.Sorted Wallet was launched in 2022, with an installation package of only 10 MB, making it the lightest crypto wallet. It has been downloaded 500,000 times, with the fastest-growing markets including Nigeria, Kenya, Tanzania, Bangladesh, and Madagascar.

According to SoSoValue data, the total net outflow of Ethereum spot ETFs is $62.2968 million. The Ethereum spot ETF with the highest net inflow in a single day is Bitwise ETF ETHW, with a single-day net inflow of $756,300. Currently, the historical total net inflow of ETHW has reached $382 million.The Ethereum spot ETF with the highest net outflow in a single day is Blackrock ETF ETHA, with a single-day net outflow of $59.3682 million. Currently, the historical total net inflow of ETHA has reached $11.698 billion.As of the time of writing, the total net asset value of Ethereum spot ETFs is $12.142 billion, and the ETF net asset ratio (the market value as a percentage of the total market value of Ethereum) is 4.75%. The historical cumulative net inflow has reached $11.683 billion.

According to The Block, the on-chain RWA market capitalization has exceeded $65 billion, an increase of about 44% from approximately $45 billion at the beginning of the year. Among them, Ethereum currently holds about 33% market share and remains the primary deployment network for institutional tokenized assets; Provenance Blockchain accounts for about 27%, while BNB Chain, XRP Ledger, and Solana each account for about 6%.The report points out that as traditional asset management institutions accelerate the push for asset tokenization on-chain, various public chains are competing around institutional issuers. The liquidity of RWA is highly sticky; once institutions complete the deployment of tokenization infrastructure on a specific chain, the cost of migration is usually high.

According to Decrypt, digital asset market infrastructure provider Prometheum has officially completed its first batch of cryptocurrency transactions after nearly a decade of establishment and raising approximately $100 million, currently only supporting Ethereum transactions.Prometheum has been controversial in the industry for supporting the compliance path and regulatory stance of the U.S. SEC during Gary Gensler's tenure, and in 2023 became the first company to obtain a Special Purpose Broker-Dealer (SPBD) license from the U.S. SEC and FINRA, allowing it to custody digital asset securities under a federal regulatory framework. However, with Gary Gensler's departure, the U.S. SEC's withdrawal of lawsuits against companies like Coinbase, and the regulatory framework shifting to a more lenient model, the compliance and custody license advantages that Prometheum has built over the long term are being weakened.

According to The Block, as traditional asset management companies accelerate the on-chain tokenization of assets, the total market value of real-world assets (RWA) has surpassed $65 billion, an increase of about 44% since the beginning of the year. Ethereum holds about 33% of the market share, maintaining its position as the default platform for institutional tokenization. Provenance blockchain accounts for approximately 27% of the market share, while BNB Chain, XRP Ledger, and Solana each account for about 6%.The distributed market structure indicates that a clear winner has not yet emerged in the RWA space, and significant share fluctuations remain possible as different chains differentiate themselves in terms of compliance tools, settlement finality, and cost structures. Due to the high stickiness of RWA funds, blockchains that win early institutional partnerships will gain a sustained advantage.

According to The Block, the total supply of stablecoins has surpassed $300 billion, but growth has stagnated. Tether's USDT has increased by over $5 billion in the past month, while the supply of USDC, USDe, and PYUSD has collectively decreased by about $4.2 billion during the same period, resulting in a net growth of only about $900 million, equivalent to a total supply growth of 0.3%.The supply of USDe has decreased by 28% in the past month and nearly 34% year-to-date, as its reliance on the funding rate mechanism of perpetual contracts has been compressed following the deleveraging event in October last year. Sky's USDS supply has increased by 48.9% year-to-date, and World Liberty Financial's USD1 supply has increased by 33.7%, absorbing most of the capital rotation. The supply of PYUSD has decreased by 13% in the past month. The issuance of bank-issued and GENIUS Act-compliant stablecoins has proven to be more challenging than expected. Analysts point out that if new issuers want to directly replace USDT's market share, they need to offer higher yields, better distribution channels, or regulatory advantages that USDT cannot match.

According to reports from South Korean media, Tether, the world's largest stablecoin issuer, recently applied for seven trademark registrations in South Korea, including the Tether logo and the gold-backed stablecoin Tether Gold (XAUT). This is Tether's first application for company name and logo trademarks in South Korea, having previously only applied for trademarks for stablecoin product names.Industry insiders believe this move may be Tether's preparation to enter the South Korean market. The South Korean "Basic Act on Digital Assets" (Phase Two of the Virtual Assets Act) is discussing a proposal that requires overseas stablecoin issuers to establish subsidiaries in South Korea to conduct circulation business. Tether's trademark application may be a proactive strategy ahead of its competitor Circle. Circle's founder and CEO Jeremy Allaire visited South Korea in April to discuss potential collaborations with local financial holding companies and virtual asset exchanges, stating that South Korea is "the most vibrant virtual asset market in the world and a candidate for the most mature stablecoin market in the future."

According to Bloomberg, Senator Elizabeth Warren has questioned the decision by financial regulators to allow cryptocurrency companies into the banking system. The Massachusetts Democrat wrote to Jonathan Gould, head of the Office of the Comptroller of the Currency (OCC), pointing out that the regulator has approved at least 9 national trust charters for crypto companies that "seem to be unqualified." Warren stated that these charters "appear to far exceed the narrow scope of activities permitted by law," constituting a "clear violation of the National Bank Act." She questioned whether the OCC adhered to relevant legal provisions during the approval process and requested clarification on the compliance of these cryptocurrency companies in obtaining banking charters.

According to the Korea Economic Daily, South Korea's seventh-largest pension relief company Bumo Sarang invested 59.5 billion won of operating funds last year into the Ethereum-themed stock Bitmine's daily double return leveraged ETF, incurring a loss of 49.3 billion won (approximately 32.73 million USD).A comprehensive review of the 2025 audit reports of 75 pension relief companies shows that 42.7% of the companies have total assets below the advance payments that should be made to clients, meaning that if all clients were to terminate their contracts simultaneously, the companies would be unable to refund the full amount.

According to SoSoValue data, yesterday (Eastern Time May 18), the total net outflow of Ethereum spot ETFs was $86.3066 million.The Ethereum spot ETF with the highest net outflow yesterday was the Blackrock ETF ETHA, with a net outflow of $55.3989 million for the day. Currently, the historical total net inflow of ETHA has reached $11.757 billion. The second was the Fidelity ETF FETH, with a net outflow of $14.6979 million for the day, and the historical total net inflow of FETH has reached $2.183 billion.As of the time of writing, the total net asset value of Ethereum spot ETFs is $12.203 billion, and the ETF net asset ratio (market value as a percentage of Ethereum's total market value) is 4.77%. The historical cumulative net inflow has reached $11.745 billion.

According to CoinDesk, the Ethereum Foundation is facing scrutiny over a new wave of departures. On Monday, prominent contributors Carl Beek and Julian Ma announced their departure from the foundation, further intensifying community concerns about staff turnover.In recent months, several core researchers and protocol coordinators, including Barnabé Monnot, Tim Beiko, Trent Van Epps, and Alex Stokes, have left or stepped back. Additionally, co-executive director Tomasz Stańczak, who joined in 2025, also left earlier this year.Reports indicate that this wave of departures occurred after the Ethereum Foundation released a new mission statement earlier this year. The statement attempts to redefine the foundation's role in the ecosystem, emphasizing that it is not the "owner" or central authority of Ethereum, but rather one of many supporters.